Simon delves into the crucial topic of conducting due diligence in property investing. Drawing on his nearly 30 years of experience, he focusses on the importance of thorough research to avoid costly mistakes, and covers key aspects such as determining property value, assessing rental income, and ensuring positive cash flow. 

KEY TAKEAWAYS

• Conducting thorough due diligence is crucial in property investing to avoid costly mistakes and ensure success.
• When assessing a property, determining its value, rental income, and potential for cash flow and return on investment are essential factors to consider.
• When working with deal sourcers, it is important to ensure they are compliant, have proper training, and can provide evidence of successful deals.
• When vetting suppliers and partners, longevity, reputation, and recommendations from other investors are key indicators of reliability.
• Checking the background, assets, and credit score of individuals involved in a deal is vital to assess their credibility and financial stability.

BEST MOMENTS

"I see people lose money, make expensive mistakes because they haven't done correct due diligence." 

"You want to make sure they have enough money, and the money is actually available when it's going to be required." 

"Please never ever pay anybody money up front to find you deals." 

"Just be careful because I want to make sure you don't make expensive mistakes." 

VALUABLE RESOURCES

To attend your first pin meeting as Simon's guest visit http://www.pinmeeting.co.uk/, find your local meeting, and at the bottom of the page where you normally pay £20, click on where is says "pay with a voucher code" and use this code: PODCAST. This will by pass the payment page and you can attend your first pin meeting for free.

Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi

To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).

Register at Mindset For Property at - www.mindsetforproperty.co.uk 

Contact and follow Simon here:

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Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.

Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk.    pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.

Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way.  How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.

Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.

Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.